When Jane left her high-pressure job at a large firm, she dreamed big. She wanted to have her own practice and control her book of business, earning potential, and schedule.
However, she quickly found herself overwhelmed. Jane was handling every aspect of her practice—from client consultations and court appearances to legal research and document drafting. Quickly Jane found herself on the verge of burnout.
Sadly, Jane’s story is all too common among solo practitioners and small law firm owners. Despite their hard work, they struggle to keep up with deadlines, miss opportunities for new business, and find themselves working longer hours for less money.
How Paralegals Can Save The Day
One solution that can alleviate these pressures is the strategic use of paralegals. Paralegals can perform many core legal tasks for you, at more affordable rates for your law firm. This includes legal research, document preparation, case management, and more, allowing you to focus on higher-value work.
Increased Billable Hours and Revenue
Paralegals can increase your billable hours. Instead of spending hours on tasks that could be done by a paralegal, your attorneys can focus on billable activities, thereby increasing your firm’s overall revenue.
For instance: If a paralegal bills at $200 per hour compared to an attorney’s $450 per hour, the firm can charge clients for paralegal time. This is still profitable for the firm due to lower salary costs for paralegals.
This billing structure allows the firm to manage more cases simultaneously, enhancing productivity and profitability.
Capitalizing On Opportunities
When attorneys handle tasks that could be delegated to paralegals, they incur cost opportunities. This means they could be, with the same time, engaging in impactful activities for clients, their personal lives, and the firm’s growth.
Enhanced Client Satisfaction
Your clients will benefit from the lower costs associated with paralegal work. After all, they’ll receive the same high-quality legal services but at a reduced rate.
Additionally, with paralegals handling a portion of the workload, projects can be completed more quickly, enhancing your client satisfaction and your firm’s reputation.
Flexibility and Scalability with Fractional Paralegals
Depending on your needs, you can choose to hire full-time paralegals or opt for fractional paralegals. Fractional paralegals provide on-demand support and become an integral part of your firm’s operations, without the price tag. They offer flexibility, allowing your firm to scale without the fixed costs associated with permanent employees.
For example, a firm might pay a fractional paralegal $85 per hour and bill the client $170 per hour for their services. This arrangement not only covers the cost but also generates profit at no underutilization risk.
Amata’s Fractional Paralegal Services
If Jane’s story hits close to home, you may need paralegals. Let us help you avoid burnout and increase your firm’s profitability.
Hourly paralegals can free up your time on an as-needed basis. Our Fractional Support Services allow you to scale your workforce according to demand, ensuring you have the support you need during busy periods without the fixed costs of full-time staff.
Our paralegals are experts in various areas of law, ensuring that you receive high-quality support tailored to your firm’s needs. Contact us today to learn more about how our Fractional Paralegal services can handle routine legal tasks, reduce your workload, and boost your profitability.